Lee Zen, CTO of Yahoo, joins Tobias to unpack what it takes to modernize one of the internet’s most iconic consumer portfolios—Mail, Finance, Sports, News, and Search—while operating with real legacy constraints at massive scale. We talk about Yahoo’s evolution from its public days to private equity ownership, how modernization actually happens (cloud, platform bets, experimentation), and why shipping velocity becomes the most honest forcing function when you’re rebuilding the engine mid-flight. Finally, we go deep on AI: where it meaningfully improves consumer experiences (mail catch-up, news takeaways, fantasy insights), how teams should avoid “AI labels” without user value, and what it means when AI becomes a tool—and increasingly a coworker.

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